Need To Sell Your House Quick? Some Simple But Effective Strategies!
There are many things you can do to sell a house quick – you can do it the old-fashioned way and advertise with your local newspaper; you can put up a “for sale” sign on your front lawn or even on a billboard along the highway; then there’s the digital era advertising like YouTube, Facebook, eBay, and property portals. These days, you cannot run out of ideas and ways to market a house for sale.
But how is it that a couple as famous Jon and Kate Gosselin (plus their eight adorable kids), stars of a popular reality television show, took 10 months before they were able to sell their Elizabethtown, PA, starter home?
There is no lack of publicity, good or bad, for the couple, that’s for sure. They’re never out of sight – in tabloids, magazines, television, and in gossip blogs. Yet, when they listed their home in March 2009, not without any fanfare, it was selling for $325,000 (app. £202,900), but after a lien, a divorce, a lawsuit between Jon and the network where their show airs, and at least two price reductions, it was finally sold for $258,000 (app. £161,000).
That is $22,000 (app. £13,740) less than when they bought the 5-bedroom, 2 1/2 -bath house back in 2006. And that figure does not include the additional losses they incurred from fixing the house. But data from Zillow.com show that the Gosselins were not a unique case in their town; in fact, house prices in Elizabethtown are down 3.6 percent from the previous year.
In the United Kingdom, the same is happening. The property data company Hometrack just recently released a report indicating a drop in house prices for the fourth month in a row. So it seems publicity, though still necessary when selling a house, can only go so far, and there’s no assurance of an offer or a sale. In this housing slump, one thing matters most – price.
You have to recognize that as far as the property market is concerned, we are in a buyers’ market, which means that there are more houses for sale than there are buyers. It matters little how much you think your house is worth, you have to price it according to the market trends, recent comparative home sales in your area, and your current competition. It’s best if you can set your asking price slightly lower than a home that is comparable to yours.
If and when you’ve accepted the fact that you do have to drop your asking price, then you may take a step back and think of how you can save on other costs so you can minimize the loss, and at the same time still be able to sell house quickly. One of the best options you have is to sell to a cash home buyer.
Cash home buyers do not depend on mortgage lenders as they have the cash to be able to make the purchase directly from the homeowner. And since it’s a direct deal between the buyer and the seller, there is also no need for an estate agent, which means you don’t have to pay a commission. They also buy houses in any condition, so you don’t have to bother staging your home, which means more cash savings, less stress, and no wrinkles.
